Perth SMSF Valuations

For those who have a self-managed superannuation fund (SMSF), there are a number of regulations which must be adhered to. These requirements include the obligation to submit documentation confirming the current market value of assets held in the SMSF, our valuers are experts in supplying SMSF valuations Perth.

 

What reasons are there for requiring a property valuation for a SMSF?

A property valuation determines the current market value of a property, which can be used for the SMSF valuation to be submitted to an auditor.

In addition to this, there are some other situations when a valuation of SMSF assets is necessary. This includes when a property is sold or purchased as part of a SMSF, and to determine eligibility for specific tax relief incentives.

 

Why choose a certified property valuer for your SMSF valuations?

To have an accurate value of a certain property held in your SMSF, it is recommended that you engage with an independent and certified property valuer. A certified property valuer is required to have a university degree, have industry experience, and undergo additional training. This means they operate to the highest industry standards and complete accurate, well-informed valuations.

Choosing a certified property valuer is especially recommended in cases where the value of the asset is a significant percentage of the overall value of the SMSF. Due to the large amount of value typically held in a property, there is a high chance that properties contribute substantially to the super fund and therefore require a certified valuer to determine the accurate value.

Superannuation Fund Valuations Perth

Perth Property Valuers Metro is an independent property valuation company, and we pride ourselves on the expertise of our valuers. All our property valuers have over 20 years of experience and are trained and certified with the Australian Property Institute (API). Because of this, we can guarantee accurate, high quality valuation reports that are bias free.

In addition to this, we have a specialised team of property valuers dedicated to providing current or retrospective property valuations for taxation purposes.

 

How often are property valuations required for SMSF reporting?

SMSF financial reports must be submitted each year. However, it is not needed to get a new property valuation report each year. Instead, it is recommended to renew your independent property valuation report every third year. This is to make sure the value you report remains up to date and relevant for the current market condition.

It is also worth noting that a property valuation must be updated after significant market events which may impact the value.

If you need a Superannuation Fund Valuation or have any further questions, please contact us on (08) 9468 3202. We are always happy to help!